Analysts Predict 35% OP Increase at Conti

(Clacton, U.K./Tyres & Accessories) Deutsche Bank analysts are predicting that Continental’s operating profit will increase by as much as 35 per cent in the company’s fourth quarter results.

Published: February 23, 2006

They expect sales to reach 3,610 million euros, up 4.5 per cent on the same period last year. Deutsche Bank predicts profits will peak at 431 million euros, up 35 per cent against the market consensus of 390 million euros. This is put down to the reduction of exceptional charges levelled at the company – last year this reached 100 million euros in the fourth quarter.

Meanwhile, Credit Suisse has lifted Continental’s target price to 100 euros from 90 euros, based on an earnings preview. Continental reportedly says it expects to continue to beat expectations. Credit Suisse recommended investors stick with “quality names” such as Conti, given the tough auto environment and significant raw material headwinds. The analysts reiterated their ‘outperform’ rating.

MatraX Tyres on navigating the diverse needs of the U.S. marketplace

We talk about how MatraX Tyres is adapting its products for U.S. customers and the challenges associated with U.S. distribution.

By David Sickels

David Sickels is the Editor of Tire Review. He has a history of working in the media, marketing and automotive industries in both print and online.

Published: April 16, 2024

Launching a brand in a new market is never easy... even if that brand has nearly 60 years of established history behind it. This is the case with MatraX Tyres, which has roots stemming back to 1965 in Portugal. Now, the company is expanding into the U.S. with passenger car tires, with plans to add more tire lines soon.